Automated Fare Collection Market
Global Automated Fare Collection Market: Regional Analysis
North American region lead the global automated fare collection market owing to its adoption of the newest technological advancements. The main reason for the growth in this region is the stringent government regulations for the various industries. The government regulatory bodies in the regions such as the U. S., China, and India aim to develop the transportation infrastructure as well as security systems which in turn fuel the global market growth.
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Global Automated Fare Collection Market: Competitive Players
The key market players in the global automated fare collection market include Samsung SDS, Cubic Corporation, ST Electronics, Omron Corporation, NXP Semiconductor, LG Corporation, Atos SE, Fare Logistics, and Thales Groups. The other companies that dominate the global market include Vix Technology, Trapeze Group, Advance Cards Systems Ltd., and Scheidt & Bachmann GmbH.